Ireland has emerged from recession for the second time in five years but
economists cautioned that its recovery still had a long way to run. Its
economy grew by 0.4 per cent between April and June after three quarters of
contraction, according to the statistics office.

The expansion was driven in part by exports and consumer spending, which both
recovered from a steep fall in the first quarter. Pharmaceuticals and
software exports also performed well, the latter driven by technology
companies including Twitter, Google and Dell setting up in Ireland to take
advantage of lower corporation tax.